Simple interest on Rs. 262500 for 3 years at 20% MCQ with Answer and Explanation

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Simple interest on Rs. 262500 for 3 years at 20%

A. Rs. 157300

B. Rs. 157500

C. Rs. 157700

D. Rs. 157900

Answer: Option B

Solution (By JKSSB Mock Tests)

SI = (262500 * 20 * 3)/100 = 157500.

This question belongs to: Maths Simple Interest

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Question #1

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In how many years will Rs. 621000 amount to Rs. 869400 at 8% simple interest?

A. 5 years

B. 7 years

C. 6 years

D. 4 years

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Correct Answer: Option A

Explanation:
SI = 248400. T = (248400 × 100)/(621000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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A sum at 4% SI for 8 years amounts to Rs. 67200. Principal

A. Rs. 49000

B. Rs. 48000

C. Rs. 47000

D. Rs. 46000

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Correct Answer: Option B

Explanation:
SI = 19200. P = 67200 - 19200 = 48000.

This question belongs to: Maths Simple Interest

Question #3

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Years for Rs. 42000 at 7% to give Rs. 11760 interest

A. 3 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option C

Explanation:
T = (11760 * 100)/(42000 * 7) = 4 years.

This question belongs to: Maths Simple Interest

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